Bordo, Michael D.; Dittmar, Robert; Gavin, William T. - Federal Reserve Bank of St. Louis - 2006
seminars at the Federal Reserve Bank of St. Louis,
the Missouri Economic Conference and the Midwest Macroeconomics Conference … promise was in doubt. High and
variable inflation was the number one economic problem facing the major
market-type economies … to examine the alternative monetary regimes under
common (although artificial) economic environments.
Our model is …